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Lake County Gazette

Sunday, November 24, 2024

Wadsworth home prices rise in March 2017

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The median sale price of a home sold in March 2017 in Wadsworth rose by $8,000 while total sales increased by 150%, according to BlockShopper.com.

In March 2017, there were five homes sold, with a median sale price of $203,000 - a 4.1% increase over the $195,000 median sale price for the same period of the previous year. There were two homes sold in Wadsworth in March 2016.

The median sales tax in Wadsworth for 2017 was $8,751.96. In 2016, the median sales tax was $8,595.30. This marks an increase of 1.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 4.3%.

The following table compares Wadsworth to other Lake County cities with similar median sales prices in March 2017:

CityMar. 2017 Home SalesMar. 2016 Home Sales% change (Total Home Sales)Mar. 2017 Median Sales PriceMar. 2016 Median Sales Price% change (Median Sales Price)
Third Lake10-$258,000$0-
Lindenhurst20195.3%$234,200$180,00030.1%
Horatio Gardens12-50%$234,000$335,750-30.3%
Echo Lake30-$225,000$0-
Gurnee442951.7%$205,400$210,000-2.2%
Wadsworth52150%$203,000$195,0004.1%
Mundelein171154.5%$199,000$167,50018.8%
Grayslake35350%$183,900$137,00034.2%
Lakemoor63100%$183,000$110,00066.4%
Antioch241741.2%$181,950$207,000-12.1%
Volo13-66.7%$171,551$198,000-13.4%

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